Phoenix’s economy is healthy, growing to meet resident demands

Look around the Valley, and it’s clear that the Phoenix’s economy is healthy, strong, and vibrant. From infrastructure expansions to cranes dotting the skyline, Phoenix’s industry sectors are growing. And the Valley’s robust health care sector is no exception.

Arizona State University and Mayo Clinic partnership
ASU and the Mayo Clinic are joining forces to develop a new facility to bring education, health care, and business together under one roof. The new facility, which will be adjacent to the Mayo Clinic’s existing north Phoenix offices. ASU started construction in spring 2019 and expects to have the facility operational by the end of 2020.

Facility size: 150,000 square feet

Investment: $80 million project

Abrazo Community Health Networks Mesa Hospital
Abrazo Mesa Hospital will mark the network’s first steps into the East Valley. The hospital is slated to open in 2019 and will provide emergency services to the local community. The new facility will include a 12-bed, 24-hour emergency department.

Facility size: 32,000 square feet

Investment: $15 million project

Banner Health
Earlier this month, Banner Health announced plans to build a large facility in the West Valley, near 75th Avenue and Loop 101. Construction on this project is expected to begin in January.

Facility size: 130,000 square-feet

Investment: $163 million project

Banner Boswell Emergency Department
Located in Sun City, the new facility will provide large scale emergency room services in the West Valley. McCarthy Building Companies started work on the project in May, and it is anticipated that the project will be completed sometime in 2020.

Banner MD Anderson Cancer Center Phoenix
In June, the Banner MD Anderson Cancer Center in Phoenix opened its doors. It is located at the Banner – University Medical Center Phoenix. The facility will provide patients with advanced care and innovative cancer treatments.

Facility size: 39,400 square-feet

Investment: $45 million project

Banner Ocotillo Medical Center
This new facility will serve the entirety of the Southeast Valley, and be the first Banner hospital located in Chandler. Banner Ocotillo will be a full-service hospital with room for expansion to support the growing community.

Facility size: 240,000 square-feet

Investment: $150 million project

Creighton University Health Sciences Campus
Creighton University is breathing new life into midtown’s Park Central. With the development of a new health sciences campus, the university is bringing new purpose and traffic to the area. The project began in July and is expected to be done in 2021. The campus will support approximately 900 students.

Honor Health Sonoran Medical Center
Honor Health is embarking on the creation of its sixth hospital. Located off of the I-17 and Dove Valley Road, the facility will serve the North Phoenix residents. When completed, the facility will feature 40 beds and a 24-hour emergency department.

In 2017, MIHS announced plans to renovate the Maricopa Medical Center. The facility renovation will include a minimum of 200 patient beds. Maricopa Medical Center is not expected to open until 2021.

MIHS Maryvale Campus
In April, MIHS announced plans to bring back critical care options that are vitally needed at the Maryvale Campus. Previously closed in 2017 by a different owner, MIHS acquired the facility and is now providing 24/7 emergency care.

MIHS West Valley Specialty Care Center
Last year, MIHS broke ground on a new facility in Peoria. The new campus will serve residents of the rapidly growing West Valley and be a hub of health care for that area.

Facility size: 137,000 square-feet

Investment: $62 million project

Mayo Clinic expansion
As the region is growing, the nationally recognized Mayo Clinic plans to grow with it. The facility is expanding to double its capacity to serve high-needs, medically complex patients. The project is expected to take five years and increase the number of inpatient beds from 280 to 374.

Facility size: 1.4 million square-feet

Investment: $648 million project

Phoenix Biomedical Campus
Continued growth is on the horizon for the Phoenix Biomedical Campus. The facility is growing with the construction of the Wexford Science and Technology building. The building will support entrepreneurs in the medical field. The Phoenix Biomedical campus also houses colleges and schools for Northern Arizona University and the University of Arizona.